The Consumer Price Index (1982-84 = 100) Reports a CPI

question 86

Multiple Choice

The Consumer Price Index (1982-84 = 100) reports a CPI in August 2010 for Energy as 212.372. What
Is the percentage change in the price of energy compared to the base?

• A) Increased 112.372 percent
• B) Decreased 112.372 percent
• C) Increased 212.372 percent
• D) Decreased 212.372 percent

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Definitions:

Disposable Income

The amount of money individuals or households have to spend or save after income taxes have been deducted.

Discretionary Income

The amount of an individual's income left for spending, investing, or saving after taxes and personal necessities (like food, shelter) are taken care of.

Gross Income

The total revenue generated from a business's activities or an individual's earnings before any deductions are made for expenses, taxes, or other reductions.

Discretionary Income

Discretionary income is the amount of an individual's income left for spending, investing, or saving after taxes and personal necessities (like food, shelter) are taken care of.